Wells Fargo & Co. (WFC, Financial) will release its financial figures for the third quarter of fiscal 2017 before the opening bell on Oct. 13.
For the quarter, analysts are expecting the bank to post earnings per share of $1.03 on average. This is a mean of 28 estimates, which ranges between a low of 95 cents and a high of $1.07. As illustrated in the chart below, EPS are expected to be flat compared to a year ago.Â
Source: Yahoo Finance
 The average revenue estimate for the quarter is $22.41 billion, which is a 0.40% increase from the prior-year quarter. The estimates range between a low of $21.84 billion and a high of $22.84 billion.
Source: Yahoo Finance
Wells Fargo has a net profit margin (ttm) of 21.6% versus an industry average of 18.47 and a sector average of 80.19.
Wells Fargo’s loan-to-assets ratio is 49.6%, which means the company's income is less dependent on asset management and trading activities than its peers, as illustrated in the chart below:
Wells Fargo's return on assets (ROA) of 1.07% is below the industry average of 4.44% and the sector average of 8.05%.
As of June 30, the bank had $778.155 billion in cash on hand and securities, $1,409.57 billion in long-term investments and $1,725.641 billion in total liabilities.Â
Wells Fargo is trading around $55.14 per share versus an average target price of $57.91 per share. The price-book (P/B) ratio is 1.53, the price-sales (P/S) ratio is 3.17 and the price-earnings (P/E) ratio is 13.58. The forward P/E ratio is 12.61. For full fiscal years 2017 and 2018, analysts forecast EPS of $4.14 and $4.40.
Wells Fargo is currently reporting 4.96 billion shares outstanding with a market cap of $273.71 billion. Insiders hold 0.07% of its stock.
The company's top shareholders include Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway Inc. (BRK.A, Financial) (BRK.B, Financial) with 9.43% of outstanding shares and the Vanguard Group Inc. with 6.34%.
Disclosure: I have no positions in Wells Fargo.
